Tax

Latest news

Tax | Tax updates: April 2018

This month's review of tax cases and tax news including Making Tax Digital extended to income tax, changes to termination tax payments, copy Third party information notice was required by HMRC, penalties for late return were invalid

29 Mar 2018

Tax | HMRC signs lease for Manchester regional centre

HMRC has signed a 25-year lease for its Manchester regional hub with the tax authority planning to move employees into the building by 2022, with the building becoming the eleventh lease that HMRC has signed out of the 13 regional centres

28 Mar 2018

Tax | Government takes axe to ‘staircase’ tax

The government is introducing legislation to help up to a thousand businesses which were affected by the ‘staircase tax’ introduced following a legal ruling on the way in which business rates in adjoining properties are calculated

28 Mar 2018

Tax | Dodwell: tax and the sharing economy prove problematic

Bill Dodwell, partner and head of tax policy at Deloitte, considers other countries methods of ensuring that online platforms and their users pay the correct amount of tax, after the Chancellor’s Spring Statement explored ways that these online platforms can encourage tax compliance

28 Mar 2018

Tax | Tax data: CGT data, HMRC rates of interest - Apr 2018

Download the HMRC CGT indexation allowance for December 2017, RPI Index for January 2018 and HMRC rates of interest, and the current stamp duty land tax (SDLT) and land and buildings transaction tax (LBTT) rates, and more

28 Mar 2018

Tax

HMRC

Tax Planning

Image for ots hiring part time policy advisers

Tax | OTS hiring part-time policy advisers

The Office of Tax Simplification (OTS) is seeking a number of recruits to its team, and is looking for up to four part-time tax professionals who have current or recent private sector tax experience to join on a permanent basis

27 Mar 2018

Tax | Treasury committee launches VAT inquiry

The Treasury select committee is launching a VAT inquiry, which will examine the burden on businesses, the pressures of Brexit, issues around dispute resolutions and how to improve the process of making VAT policy

27 Mar 2018

Tax | FCA changes rules on pension transfer advice

The Financial Conduct Authority (FCA) has published new rules on pension transfer advice and is seeking views on additional changes, including adviser charging structures

26 Mar 2018

Leadership & Management

Image for government dispenses additional ps15m tampon tax fund

Tax | Government dispenses additional £15m from tampon tax fund

The government has announced the list of charities and good causes which will benefit from £15m of funding from the latest round of the tampon tax fund, bringing the total handed out to £47m

26 Mar 2018

Tax

VAT

Politics

Image for plans register overseas ownership uk properties revised

Tax | Plans for register of overseas ownership of UK properties revised

The government has provided more details of proposals for a new beneficial ownership register of overseas companies that own UK property or participate in UK government procurement

26 Mar 2018

Tax | Computer equipment company tops tax defaulter list owing £4.3m

HMRC’s updated list of major tax defaulters is topped by a metal dealer who owes £4.3m on £6.5m unpaid tax, followed by a haulier owing £593k, with online retailers and restaurants also featuring

23 Mar 2018

Tax | Channel Islands treated as international for airline passenger duty

The rate of airline passenger duty (APD) on flights to the UK from the Isle of Man and Channel Islands has to be treated as international flights, HMRC has confirmed

23 Mar 2018

Tax | Lansio rhaglen gan CThEM i addysgu plant ynghylch treth yn y Gymraeg

A free education programme offering a simple introduction to tax for primary school children is now available for Welsh speaking students from HMRC

23 Mar 2018

Tax

HMRC

Tax Planning

Image for two thirds uk businesses lack post brexit vat strategy

Tax | Two thirds of UK businesses lack post-Brexit VAT strategy

Businesses are failing to prepare for the impact exit from the EU will have on their tax affairs, according to research by BDO which found that 65% of UK companies lack a formal VAT strategy, leaving many looking for professional help in determining the best approach going forward

22 Mar 2018

Tax | EU plans for 3% digital tax

The European Commission has announced plans to introduce a 3% tax on digital businesses, likely to hit around 150 companies and bring in some €5bn (£4.4bn) a year, as an interim step in its efforts to ensure a fair share of revenues from the current ‘black hole’ of online activities

22 Mar 2018

Tax | HMRC updates VAT guidance on exemption for cost sharing groups

HMRC has published a briefing note and VAT information sheet on the changes to the VAT exemption for cost sharing groups, after recent European court cases ruling on several issues

22 Mar 2018